Shan Young Assets Management Co., Ltd. announced that it has received TWD 1 billion in funding from Sanyang Motor Co., Ltd.
March 29, 2022
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Shan Young Assets Management Co., Ltd. announced a private placement of 100,000,000 shares at an issue price of TWD 10 per share for gross proceeds of TWD 1,000,000,000 on March 30, 2022. The transaction included participation from returning investor Sanyang Motor Co., Ltd. The transaction was approved by the board of directors of the investor.
SANYANG MOTOR CO., LTD., formerly Sanyang Industry Co Ltd, is principally engaged in the manufacture and distribution of motor vehicles and spare parts. The Company provides scooters, including products of MIO, Tonik, GTS, RV, Fiddle, Symphony, VS, HD and Citycom series, among others; all terrain vehicles (ATVs), including Track Runner, Quad Lander and Quad Raider series, and automobiles, including products of PORTER, ELANTRA, and i35 GAS series, among others. It also provides electric bicycles and buses, as well as related parts and accessories. The Company distributes its products primarily in Taiwan, Europe, the Americas, Africa, Australia, Hong Kong, Macau, Japan and Southeast Asia.
SANYANG MOTOR CO., LTD. 
